Environmental initiatives[ edit ] In NovemberWalmart announced several environmental measures to increase energy efficiency and improve its overall environmental record, which had previously been lacking. Walmart created its own electric company in Texas, Texas Retail Energy, planned to supply its stores with cheap power purchased at wholesale prices. As part of the initiative, the company launched a new store in Plano, Texas that included high-end electronics, jewelry, expensive wines and a sushi bar. The new logo received mixed reviews from design critics who questioned whether the new logo was as bold as those of competitors, such as the Target bullseye, or as instantly recognizable as the previous company logo, which was used for 18 years.
Understanding Capitalism Part IV: Capitalism, Culture and Society By - February 4, The impact of capitalism on culture and society has been a matter of great debate ever since its emergence in Europe as an economic system in the late s.
The impact of capitalism on culture and society is an issue that really stands apart from all of the other economic concerns. In many ways, the cultural impacts of capitalism overshadow all other considerations of the system.
The cultural impacts of capitalism are extremely varied, and this has left room for its proponents to champion its merits as well as its detractors to criticize its ill effects. Discussing the impact of capitalism on culture can be difficult. Some of the key concepts relating to an analysis of the effects of capitalism on culture are profit motive, commodity, human desire, and the market economy.
The capitalist system is based on private ownership and consolidation of the means of production, where the production of commodities is guided by profit motive to satisfy human desires. What capitalism does do is it encourages people, in general, to engage in activity that is deemed valuable by other people.
The Culture of Work At a certain level competition and profit motive, both of which are encouraged by the capitalist market system, provide a stimulus to action. This encouragement to act is a major factor in the diversity of products that are produced by capitalist societies.
In the way that the capitalist system works, however, reward is not always proportional to contribution. A contest can be used as an example. Reward in a capitalist system is similar to a gold panning competition where the winner takes home a large portion of all the gold panned by everyone during the competition.
This competition will encourage people to participate and it will encourage people to work hard to try to collect as much gold as possible.
It will also, of course, encourage cheating and other such acts, as is to be expected in any competition. At the end of the competition everyone brings in their gold to have it weighed. What we can see here is that the person ranked 1 collected 10 times more gold than the person ranked This is what the first place winner would receive, 2, grams of gold.
Now, that person only collected 20 grams themselves, but they get a portion of everything that everyone else collected as well. Of course the majority of people, though they would still have some gold after the competition, would have less than they actually collected.
It would encourage productivity. The fact is, however, that this is a winner take all type system. The person at the top is getting a disproportionate amount of the gold that was collected by everyone.
The winner gets more than what he or she collects, and it is the fact that there is the potential to get so much more than you as an individual collect that drives the competition forward.
There is no discrimination in who is allowed to participate and there are no regulations that hold anyone back in particular. Indeed, it is also the case in this competition that the person who collects the most is also rewarded the most, so in that sense it is fair.
However, of course, the amount that the winner gets is dependant upon how much everyone else collects as well, because the winner is getting more than just what they collect as an individual, they are getting a share of what everyone collected, and the majority of participants take home less than they collect.
Likewise, working the hardest does not guarantee that you will win the competition, there are elements of chance involved, but working hard does increase your likelihood of winning. It is by a similar fashion that modern capitalism promotes progress and makes fortunes.
The Culture of Desire In addition to promoting a culture of work, capitalism also promotes a culture of desire. This leads to a natural tendency in a market system for the sellers in the system to work to increase human desire, leading to the creation of more and stronger wants, and thus expanding the market.
While marketing is the most direct expression of this phenomenon, it really pervades the entire culture and is reflected in general entertainment, personal attitudes, religious values, the education system, and government policy.
The development of the culture of desire created by market capitalism has actually been one of the biggest, if not the biggest, change in American society since the birth of the country. Many early Americans believed in austere lifestyles, the Puritans being the most prominent example of this.
The Puritans, of course, were actually a relatively small group, especially by the time of the founding of the country. Even the average American, however, was relatively reserved in early times. Of course, in early times the country was not capitalistic and people were much more self-sufficient.
Most individuals and communities provided for their own needs and wants directly, independent of the market system. America was a predominately family farming country, after all, until the mid 19th century.
The Buster Brown brand, developed inbecame established through one of the most pervasive marketing campaigns in history Advertising and the consumer culture had become significant by the Roaring 20s of the early 20th century as the American capitalist economy really began to thrive.3 All data on average per capita income and labor force size used in Figures come from the World Bank’s World Development Indicators Online, accessed July Conversions of per capita income from local currency to U.S.
currency are made by the World Bank using the atlas method. After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address.
|Daily Crow – Seasons and Synchronicity||Share via Email They are the ultimate status symbols for sports stars and street-conscious young people.|
|Social Media||The Shituru deposit is expected to support a high grade open pit mine with low operating cost and has untested underground potential. When fully exercised the interests in the Shituru Property will be indirectly held as follows:|
Walmart Inc. (formerly branded as Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in and incorporated on October 31, It also owns and operates Sam's Club retail warehouses. Jan 19, · CC. I just can't understand how this is not widespread breaking news.
If slavery, whether it be within or outside of the US, is being used by American companies, (HERSHEY'S and M&M MARS, I've read specifically) the vast majority of American people should know it, laws should be set to change it; but unfortunately this story will never make it past a one time release on the late night news, and.
The American Empire. By Wade Frazier. Revised July Purpose and Disclaimer. Timeline.
Introduction. The New World Before “Discovery,” and the First Contacts. kaja-net.com: News analysis, commentary, and research for business technology professionals.